ajbadgerIII
Returning Member

Two Rental Properties but only one Form 4562

For my 2019 tax return, I had two properties, and form 4562 showed the combined depreciation values for both. In addition, there were no new assets added in 2019 to depreciate. However, my 2020 taxes have a 4562 form, but it doesn't combine the depreciation values of both properties on line 17 in Part III as it did for 2019. Instead, it lists only the property for which I added a new asset. Is this as it should be? If so, why did my 2019 combine the two depreciation values and place in on the 4562 form?